Community 1st Bank Reports First Profitable Quarter ended March 31, 2009

ROSEVILLE, Calif.--(Business Wire)--
Community 1st Bank (OTCBB: CFBN) (the "Bank"), with $132.7 million in assets,
today reported results for the quarter ended March 31, 2009.

Total assets at March 31, 2009 were $132.7 million, an increase of $46.3
million, or 53.6%, from March 31, 2008 and an increase of $4.8 million, or 3.8%
from December 31, 2008. The Bank was successful in growing its total deposits
from $69.6 million at March 31, 2008 to $107.1 million at March 31, 2009, an
increase of $37.5 million, or 53.9%. When compared to December 31, 2008, total
deposits increased $3.7 million, or 3.6%. Total loans increased $14.2 million,
or 19.9%, to total $85.7 million at March 31, 2009 from $71.5 million at March
31, 2008. Total loans increased $2.9 million, or 3.5% from December 31, 2008.

The Bank reported net income for the first quarter ended March 31, 2009 of
$324,000, which included a gain on sale of property, compared to a net loss of
$179,000 for the quarter ended March 31, 2008. For the first quarter of 2009,
the Bank recorded a provision for loan losses of $53,000 compared to $100,000
for the first quarter of 2008. Interest income increased by $422,000, or 33.3%,
to $1.7 million for the first quarter ended March 31, 2009 compared to $1.3
million for the same period in 2007. Interest expense was $459,000 for the
quarter ended March 31, 2009 as well as for the same period in 2008. Net
interest income increased by $422,000, or 52.2%, for the first quarter of 2009
compared to the same period in 2008. The increase in interest income and net
interest income is the result of the Bank`s success in growing its earning
assets, which primarily consist of loans, investment securities, and Federal
funds sold, while limiting the increase in interest expense. Noninterest expense
increased by $412,000, or 44.0%, for the first quarter ended March 31, 2009
compared to the same period in 2008. The increase in noninterest expense is
primarily due to expenses associated with our new downtown Auburn location,
which includes the Bank`s 3rd full-service branch as well as an administrative
support center.

The allowance for loan losses at March 31, 2009 was $1.4 million, or 1.67% of
total loans, compared to $965,000, or 1.35% of total loans at March 31, 2008.
The increase in allowance for loan losses compared to the same period in 2008
reflects our conservative view of the current economic climate, resulting in
increased reserves. Nonperforming assets consisted of other real estate owned
and totaled $606,000 at March 31, 2009, which is 0.46% of total assets and no
nonperforming assets at March 31, 2008.

The Bank continues to maintain a strong capital position with a Tier 1 Leverage
ratio of 13.2%, Tier 1 Risk-based Capital ratio of 17.9% and Total Risk-based
Capital ratio of 19.1%. The Bank`s capital is well in excess of that required to
be considered "well-capitalized" by regulatory standards.

Mark A. Lund, President and Chief Executive Officer, commented, "We are very
pleased to report our first month of net operating income in March. Coupled with
a gain on sale, we produced net income in the first quarter of 2009 as well. We
continue to focus on improved operating results toward the goal of monthly
profitability. The economy remains our primary challenge. The addition of our
Auburn downtown office is producing strong results, offsetting slower growth in
general. We remain well capitalized and have strong liquidity to fund loans."

Community 1st Bank is headquartered in Roseville, California, with branches in
Roseville, downtown Auburn and north Auburn, California. Community 1st Bank
offers a wide range of business and consumer deposit products including remote
deposit capture, health savings accounts, online banking, and cash management
services. The Bank also offers a full complement of loan products, including
commercial, consumer, and real estate loans. For more information about the
Bank, visit the Bank`s website at www.community1bank.com.

Forward-Looking Statements

Statements concerning future performance, developments or events, expectations
for growth and income forecasts, and any other guidance on future periods,
constitute forward-looking statements that are subject to a number of risks and
uncertainties.Actual results may differ materially from stated
expectations.Specific factors include, but are not limited to, loan production,
competitive pressure in the banking industry, balance sheet management, net
interest margin variations, the ability to control costs and expenses, changes
in the interest rate environment and financial policies of the United States
government and general economic conditions.The Bank disclaims any obligation to
update any such factors.

Community 1st Bank
Mark A. Lund, 530-863-4801
Fax: 530-863-4851
President & Chief Executive Officer
or
James J. Kim, 530-863-4803
Fax: 530-863-4849
Executive Vice President & Chief Financial Officer

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